SLI
30/09/2015 08:30
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REL: 0830 HRS SLI Systems Limited
OFFICE: SLI: SLI Systems Appoints New Chief Executive Officer
SLI Systems Names Chris Brennan as Its New Chief Executive Officer
Founding CEO Dr Shaun Ryan moves to new role as Chief Innovation Officer.
Christchurch, New Zealand - 30 September, 2015 - SLI Systems (SLI.NZ) today
announces the appointment of Chris Brennan as the company's new Chief
Executive Officer and the transition of founding Chief Executive Officer Dr
Shaun Ryan to a new role of Chief Innovation Officer.
Mr Brennan will commence working in our San Jose office on 9 October and will
also join the SLI Systems Board as an Executive Director effective from early
November. Dr Ryan remains an Executive Director of the company.
Mr Brennan brings to this position more than thirty years' experience in
technology management, senior leadership, and entrepreneurial roles. His
diverse leadership background covers a broad variety of technology segments
and runs from pre-IPO startups to multinational corporations with revenue in
excess of one billion dollars. Mr Brennan is a former founder, CEO, and
Chairman of SaaS security vendor NetAuthority; CEO of cloud services provider
Contactual; and president and CEO of enterprise software vendor LogLogic. Mr
Brennan presently sits on the board of MarketLive, an e-commerce
merchandising solutions provider.
Over the course of his career Mr Brennan has successfully raised more than
$100 million in venture capital and created nearly $2 billion in shareholder
value. As the chief executive or a member of the executive staff Brennan has
taken six companies through successful exits.
"Shaun and the rest of the SLI board have been exploring ways to accelerate
the company's growth beyond its current trajectory," said Greg Cross, SLI
Systems Chairman. "We have concluded that the best strategy is to recruit a
US based CEO with a consistent track record in growing early-stage companies,
someone who will take that proven know-how and apply it to the opportunities
at SLI. Meanwhile, Shaun will focus on the company's product innovation to
help maintain our overall market leading position."
"Chris brings the ideal combination of abilities to this role," Mr Cross went
on to say. "He is widely respected in Silicon Valley and understands
effective business practices for technology services companies like ours. At
the same time he has a strong history of integrating well with existing
founders and management teams to best use their talents for the company's
benefit."
Mr Cross said: "On behalf of shareholders, the Board acknowledges Shaun's
significant achievements in founding and leading SLI Systems to its current
market-leading position. We also thank him for his unwavering commitment to
the company and his determination to continue to work for its success."
Chief Executive-designate Mr Brennan said: "Thanks to its technological
leadership and commitment to customer success, SLI Systems enjoys a world of
opportunities in the US and further afield. I welcome this opportunity to
work with Shaun and the rest of the team to achieve the company's full
potential."
Dr Ryan said: "Innovation has the potential to significantly accelerate SLI's
growth. I'm really looking forward to this opportunity to build on our strong
track record by focusing my attention on product direction. I am very excited
to be working with Chris to take advantage of the wealth of experience he
brings to the organization."
About SLI Systems
SLI Systems (SLI.NZ) enables the world's leading e-commerce retailers to
accelerate sales by connecting shoppers with the products they're most likely
to buy. With offerings that include site search, navigation, merchandising,
mobile, product recommendations and user-generated SEO, SLI is the most
chosen cloud-based site search provider to U.S. Internet Retailer Top 1,000
retailers. The company's patented technology continuously learns from the
actions of visitors to deliver the most relevant results possible. Whether
via PC, tablet or phone, a site powered by SLI delivers the kind of
satisfying search experience that increases conversion rates, secures brand
loyalty and results in higher order values. SLI operates on five continents.
For more information, visit www.sli-systems.com.
# # #
Connect with SLI:
Twitter - twitter.com/slisystems
Facebook - facebook.com/slisystems
LinkedIn - linkedin.com/company/sli-systems
Media Contacts:
Greg Cross
Chairman, SLI Systems
+64 21 417 799
[email protected]
Richard Inder
Merlin Consulting
+64 21 645 643
[email protected]
End CA:00270968 For:SLI Type:OFFICE Time:2015-09-30 08:30:39